Union Minister Ashwini Vaishnaw on Saturday said the talent shortage in the semiconductor industry is estimated at one million globally, and the IT industry in the country should seize the opportunity. Speaking at an interaction with IT industry representatives, he said that because of Prime Minister Narendra Modi's focused push on the semiconductor industry, 12 plants are now under different stages of development, and three of them have started manufacturing chips. The chips are being exported to Japan, the US and Europe, he said. "People say the talent shortage in the semiconductor industry is of the order of one million globally," the Union IT and Electronics Minister said. The opportunity can be seized by the IT industry in the country in a big way, as it knows how to design and develop entirely new solutions in electronics and IT, he said. To support the industry, the Centre has provided the most advanced semiconductor design tools to 315 universities, he said. He said ...
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Prime Minister Narendra Modi on Saturday said that India is building the entire electronics value chain from products and components to semiconductors which is the country's roadmap to 'Viksit Bharat' (developed India). The PM, who inaugurated the CG Semi Outsourced Semiconductor Assembly and Test (OSAT) facility here, also said that India's youth will power AI, robotics and next-gen tech revolution with Made in India chips. "The expansion of the semiconductor industry in India did not happen overnight. It is the next step in the electronics revolution that has taken place in India over the past decade," he said as he was handed the first semiconductor chips made at the company, to be exported to Japan. "First products, then components and now semiconductors....India is building the entire electronics value chain. This is the roadmap to Viksit Bharat. This is the next phase of Make in India," Modi noted. The government's goal is to build a complete semiconductor ecosystem in India,
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New companies are likely to invest in India to manufacture memory chips while existing investors will scale up production to address the demand-supply gap in the segment, Union minister Ashwini Vaishnaw said in an interview to PTI. Strong demand for memory (data storage) cards and advanced chips has tightened global supplies and supported higher prices in past quarters, and manufacturers have been sprucing up investments and production capacities to meet market requirements worldwide. The higher memory chip prices have, in turn, led to a rise in production costs for a range of electronic products, including smartphones and laptops. "Definitely, a lot more investment is coming in the memory manufacturing units, and that is because for the first time in the way the semiconductor industry has grown at such a rapid pace, for the first time we are seeing a huge shortage of certain components which are required in the AI data centres, the high bandwidth memory chips," Vaishnaw said. Data
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